Avana Electrosystems Ltd
Incorporated in 2010, Avana Electrosystems Limited is engaged in manufacturing of customised Control and Relay Panels.[1]
- Market Cap ₹ 317 Cr.
- Current Price ₹ 140
- High / Low ₹ 168 / 60.1
- Stock P/E 27.1
- Book Value ₹ 26.1
- Dividend Yield 0.00 %
- ROCE 38.1 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 112% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 23 | 15 | 20 | 28 | 53 | 61 | 84 | |
| 21 | 14 | 20 | 26 | 46 | 50 | 68 | |
| Operating Profit | 1 | 1 | 1 | 2 | 7 | 12 | 16 |
| OPM % | 6% | 4.3% | 3.8% | 7% | 13% | 19% | 19% |
| 1 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 2 | 0 | 1 | 1 | 6 | 12 | 16 |
| Tax % | 22% | 26% | 27% | 21% | 31% | 28% | 26% |
| 1 | 0 | 0 | 1 | 4 | 8 | 12 | |
| EPS in Rs | 13.86 | 3.40 | 5.04 | 11.59 | 50.62 | 106.66 | 5.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 43% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 113% |
| 3 Years: | 133% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 35% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.88 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 23 |
| Reserves | 8 | 8 | 8 | 9 | 13 | 21 | 36 |
| 2 | 4 | 5 | 7 | 9 | 6 | 1 | |
| 6 | 5 | 7 | 12 | 15 | 21 | 25 | |
| Total Liabilities | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
| 2 | 2 | 2 | 2 | 4 | 3 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | 15 | 18 | 27 | 34 | 45 | 75 | |
| Total Assets | 17 | 17 | 20 | 29 | 38 | 48 | 85 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | 1 | 0 | -0 | 1 | 6 | 8 | |
| -0 | -0 | -0 | -1 | -1 | -1 | -9 | |
| 1 | -2 | -1 | 2 | 1 | -4 | 20 | |
| Net Cash Flow | 1 | -0 | -1 | 1 | 1 | 0 | 18 |
| Free Cash Flow | -0 | 1 | 0 | -0 | -1 | 6 | 1 |
| CFO/OP | 29% | 214% | 30% | -1% | 37% | 67% | 72% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 111 | 124 | 143 | 102 | 126 | 97 |
| Inventory Days | 113 | 169 | 166 | 173 | 134 | 167 | 164 |
| Days Payable | 85 | 121 | 91 | 129 | 76 | 105 | 97 |
| Cash Conversion Cycle | 103 | 160 | 199 | 187 | 160 | 188 | 164 |
| Working Capital Days | 69 | 83 | 68 | 79 | 56 | 108 | 105 |
| ROCE % | 7% | 8% | 13% | 35% | 50% | 38% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Capacity Utilization - Control & Relay Panels (Unit II) % |
|
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| Capacity Utilization - Relays (Unit 1) % |
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| Number of Customers Number of Customers |
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| Production Volume - Control & Relay Panels (Unit II) Number of Units |
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| Production Volume - Relays (Unit 1) Number of Units |
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| Revenue Concentration - Top 10 Customers % |
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| Sales Channel Mix - Private Players / OEMs (% of Revenue) % |
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Extracted by Screener AI
Documents
Announcements
-
Copy of Newspaper Publication
- Avana Electrosystems AGM on 28 September 2026; notice dispatched, annual report shared, e-voting available.
-
Shareholders meeting
- 16th AGM on 28 Sep 2026; FY26 annual report filed, with managerial remuneration revisions proposed.
-
Outcome of Board Meeting
- Board approved AGM for 28 Sep 2026; integrated unit expected to start commercial production by end-October 2026.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- Avana Electrosystems confirms corporate governance provisions are not applicable as NSE Emerge-listed SME.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat/remat requests received.
Business Profile[1]
Avana Electrosystems Limited manufactures Control & Relay Panels and Relays used in power system protection, monitoring, and automation. The company supplies customized solutions for transmission and distribution substations, power generation plants, solar and wind projects, and utility substations.